Accountıng I Deneme Sınavı Sorusu #1313810

Which of the following cannot be suggested to be an idea followed by "Conservatism"?


"Anticipate no gains, but provide for all probable losses"

"If in doubt, record an asset the lowest reasonable amount and reliability at the highest reasonable amount"

"When there is a question, record an expense rather than an asset"

"When you are faced with a decision between two possible options, you must choose the option that undervalues"

"Inventory management is not a significant aspect of any successful business"


Yanıt Açıklaması:

Conservatism in accounting means being careful in reporting items in the financial statements. Conservatism follows these ideas: 
• Anticipate no gains, but provide for all probable losses.
• If in doubt, record an asset the lowest reasonable amount and reliability at the highest reasonable amount.
• When there is a question, record an expense rather than an asset.
• When you are faced with a decision between two possible options, you must choose the option that undervalues, rather than overvalues, your business

E is the right answer.

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